Amidst all of this volatility,
Nomura's Michael Kurtz believes the markets are blowing
fears way out of proportion. "[A]ll this market weeping
and gnashing of teeth could prove yet another significant
buying opportunity: Greece may yet exit the euro after all, but
with effective ECB and global policy action its impact could be
limited to no more than the rounding error that the Hellenic
Republic’s small size and deplorable politics render most
fitting," he wrote.